Forex News

EUR/USD weakens below 1.0400 as traders brace for US PCE release

News Discussion Forum

By Fxstreet

EUR/USD weakens below 1.0400 as traders brace for US PCE release

The EUR/USD pair remains under selling pressure near 1.0390 during the Asian trading hours on Friday.

EURUSD

Majors

Macroeconomics

China's Politburo: Will implement more proactive macro policy

News Discussion Forum

By Fxstreet

China's Politburo: Will implement more proactive macro policy

China’s Politburo, the country’s top leadership, said in a statement on Friday that it “will implement more proactive macro policy,.” Additional takeaways Will expand domestic demand.

China

FiscalPolicy

AUDUSD

China's Politburo says will implement more proactive macro policy

News Discussion Forum

By Forex Live

China's Politburo says will implement more proactive macro policy

Remarks by China's top executive committee via state media

CNY

GBP/USD holds below 1.2600 as US PCE inflation data looms

News Discussion Forum

By Fxstreet

GBP/USD holds below 1.2600 as US PCE inflation data looms

The GBP/USD pair extends its downside to near 1.2580 during the early European session on Friday.

GBPUSD

Majors

Macroeconomics

USD/CAD sits near multi-week top, below mid-1.4400s ahead of US PCE Price Index

News Discussion Forum

By Fxstreet

USD/CAD sits near multi-week top, below mid-1.4400s ahead of US PCE Price Index

The USD/CAD pair builds on the previous day's breakout momentum above the 50-day Simple Moving Average (SMA) and gains positive traction for the sixth successive day on Friday.

USDCAD

Fed

Inflation

TradeWar

Currencies

AUD/JPY Price Forecast: Tests 93.00 support, eyes on descending channel’s lower boundary

News Discussion Forum

By Fxstreet

AUD/JPY Price Forecast: Tests 93.00 support, eyes on descending channel’s lower boundary

AUD/JPY remains tepid for the fourth successive session, trading around 93.00 during the Asian hours on Friday.

AUDJPY

Crosses

Technical Analysis

Japan Housing Starts for January -4.6% y/y (expected -2.6%)

News Discussion Forum

By Forex Live

Japan Housing Starts for January -4.6% y/y (expected -2.6%)

USD/JPY is circa 149.70

JPY

Japan’s government cuts FY25/26 Budget plan to JPY115.2 trillion

News Discussion Forum

By Fxstreet

Japan’s government cuts FY25/26 Budget plan to JPY115.2 trillion

Japanese Prime Minister Shigeru Ishiba’s government announced that it reduced its FY25/26 Budget plan to JPY115.2 trillion The government also said they will cut the new bond issuance to JPY28.6 trillion.

Japan

FiscalPolicy

USDJPY

Bonds

Japan PM Ishiba's government cuts FY25/26 Budget plan to JPY 115.2tln

News Discussion Forum

By Forex Live

Japan PM Ishiba's government cuts FY25/26 Budget plan to JPY 115.2tln

Cuts also to planned bond issuance

JPY

News Discussion Forum

By Fxstreet

Gold price drops to over three-week low, closer to $2,850 ahead of US PCE data

Gold price (XAU/USD) drifts lower for the second straight day – also marking the third day of a negative move in the previous four – and drops to over a two-week low, around the $2,861-2,860 region during the Asian session on Friday.

Gold

Commodities

Fed

Inflation

SEO

ForexLive Asia-Pacific FX news wrap: USD rally continues, BTC tests US$80K

News Discussion Forum

By Forex Live

ForexLive Asia-Pacific FX news wrap: USD rally continues, BTC tests US$80K

Forex news for Asian trading on Friday, February 28, 2025

Session wrap

Wrap Asia

India Gold price today: Gold falls, according to FXStreet data

News Discussion Forum

By Fxstreet

India Gold price today: Gold falls, according to FXStreet data

Gold prices fell in India on Friday, according to data compiled by FXStreet.

Gold

Commodities

Metals

India

EUR/USD breaks below 1.0400 due to renewed US-EU trade tensions

News Discussion Forum

By Fxstreet

EUR/USD breaks below 1.0400 due to renewed US-EU trade tensions

EUR/USD continues its decline for the third consecutive day, trading near 1.0390 during the Asian session on Friday.

EURUSD

Macroeconomics

TradeWar

Majors

Eurozone

UK Energy Secretary Ed Miliband to visit China for talks on UK-Sino energy cooperation

News Discussion Forum

By Forex Live

UK Energy Secretary Ed Miliband to visit China for talks on UK-Sino energy cooperation

March 17 -19

China

GBP

News Discussion Forum

By Forex Live

Official China February PMIs will be published on the weekend - improvement expected

China's National Bureau of Statistics (NBS) PMIs for February

CNY

China Stock Market

China

CNH

EUR/JPY falls below 155.50 following BoJ Deputy Governor Uchida's remarks

News Discussion Forum

By Fxstreet

EUR/JPY falls below 155.50 following BoJ Deputy Governor Uchida's remarks

EUR/JPY remains under pressure for the fourth consecutive day, trading around 155.30 during Asian hours on Friday.

EURJPY

Crosses

Macroeconomics

Eurozone

Japan

News Discussion Forum

By Forex Live

Trump speaking Friday at 9am, 1pm

Before heading off to Mar-a-Lago for the weekend

Politics

Trump endorses CR (government funding bill) through September.

News Discussion Forum

By Forex Live

Trump endorses CR (government funding bill) through September.

Via 'tweet'

Politics

Silver Price Forecast: XAG/USD defends 100-day SMA support near $31.15 area

News Discussion Forum

By Fxstreet

Silver Price Forecast: XAG/USD defends 100-day SMA support near $31.15 area

Silver (XAG/USD) defends the 100-day Simple Moving Average (SMA) support and stages a modest recovery from a four-week low touched during the Asian session on Friday.

Silver

Commodities

Technical Analysis

XAGUSD

WTI remains subdued around $70.00 amid concerns over global economic growth, fuel demand

News Discussion Forum

By Fxstreet

WTI remains subdued around $70.00 amid concerns over global economic growth, fuel demand

West Texas Intermediate (WTI) crude Oil price edges lower on Friday, trading around $69.90 per barrel during Asian hours, after posting gains in the previous session.

Oil

WTI

TradeWar

Macroeconomics

Commodities

Japanese Yen extends its steady intraday descent against USD; USD/JPY retakes 150.00

News Discussion Forum

By Fxstreet

Japanese Yen extends its steady intraday descent against USD; USD/JPY retakes 150.00

The Japanese Yen (JPY) attracted fresh buyers during the Asian session on Friday following Bank of Japan (BoJ) Deputy Governor Shinichi Uchida's hawkish remarks, saying that the underlying inflation rate is gradually rising toward the 2% target.

USDJPY

BOJ

Inflation

RiskAversion

SEO

USD/INR rises ahead of India’s GDP release

News Discussion Forum

By Fxstreet

USD/INR rises ahead of India’s GDP release

The Indian Rupee (INR) trades with mild losses amid the month-end US Dollar (USD) demand on Friday.

USDINR

India

SEO

Macroeconomics

EmergingMarkets

Australian Dollar declines as US Dollar strengthens ahead of PCE inflation data release

News Discussion Forum

By Fxstreet

Australian Dollar declines as US Dollar strengthens ahead of PCE inflation data release

The Australian Dollar (AUD) remains under pressure for the sixth consecutive day on Friday, with the AUD/USD pair extending its losing streak.

AUDUSD

SEO

Macroeconomics

TradeWar

Australia

China expected to ramp up municipal special debt quotas at next week's parliament meeting

News Discussion Forum

By Forex Live

China expected to ramp up municipal special debt quotas at next week's parliament meeting

National People's Congress (NPC) meeting.

China

PBOC sets USD/CNY reference rate at 7.1738 vs. 7.1740 previous

News Discussion Forum

By Fxstreet

PBOC sets USD/CNY reference rate at 7.1738 vs. 7.1740 previous

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1738 as compared to the previous day's fix of 7.1740 and 7.2873 Reuters estimates.

USDCNY

PBOC

CentralBanks

Currencies

NZD/USD attracts some sellers below 0.5650 on tariff concerns

News Discussion Forum

By Fxstreet

NZD/USD attracts some sellers below 0.5650 on tariff concerns

The NZD/USD pair extends its decline to near 0.5625 during the early Asian session on Friday.

NZDUSD

Majors

Macroeconomics

USD/JPY has hit a session low, swings from a high above 150.10 to under 149.60

News Discussion Forum

By Forex Live

USD/JPY has hit a session low, swings from a high above 150.10 to under 149.60

Big moves for the yen after the Tokyo inflation data

JPY

BoJ's Uchida: Japan's economy is on a moderate recovery path

News Discussion Forum

By Fxstreet

BoJ's Uchida: Japan's economy is on a moderate recovery path

Bank of Japan Deputy Governor Shinichi Uchida said on Friday that Japan's economy is experiencing a moderate recovery, though some weaknesses persist.

BOJ

Japan

CentralBanks

Macroeconomics

UK firms became more optimistic in February, snapping a seven-month losing streak

News Discussion Forum

By Forex Live

UK firms became more optimistic in February, snapping a seven-month losing streak

Lloyds Bank Business Barometer rose to 49% in February, from 37% in January

GBP

US Treasury Secretary Bessent: Open to the idea that other countries tariffs could come down or go away

News Discussion Forum

By Fxstreet

US Treasury Secretary Bessent: Open to the idea that other countries tariffs could come down or go away

US Treasury Secretary Scott Bessent said late Thursday that he opened to the idea that other countries' tariffs could come down or go away.

UnitedStates

Macroeconomics

Japan's Tokyo CPI inflation eases to 2.9% YoY in February vs. 3.4% prior

News Discussion Forum

By Fxstreet

Japan's Tokyo CPI inflation eases to 2.9% YoY in February vs. 3.4% prior

The headline Tokyo Consumer Price Index (CPI) for February climbed 2.9% YoY as compared to 3.4% in the previous month, the Statistics Bureau of Japan showed on Friday.

Japan

CPI

Inflation

Japan January industrial output-1.1% m/m (vs. expected -1.2%)

News Discussion Forum

By Forex Live

Japan January industrial output-1.1% m/m (vs. expected -1.2%)

Japan January industrial output

JPY

Japan January retail sales +3.9% y/y (expected +4.0%)

News Discussion Forum

By Forex Live

Japan January retail sales +3.9% y/y (expected +4.0%)

Japan January retail sales

JPY

EUR/USD backslides as fresh tariff threats weigh on Euro

News Discussion Forum

By Fxstreet

EUR/USD backslides as fresh tariff threats weigh on Euro

EUR/USD took a leg lower on Thursday, falling nearly nine-tenths of one percent and slipping back below 1.0400 for the first time in almost two weeks.

EURUSD

TradeWar

Currencies